We can help you setup and maintain your non-profit organization's tax-exempt status by handling all the IRS reporting for you.

Each year the IRS requires most tax-exempt organizations to submit Form 990 and its relations.  Maryland law requires non-profits with annual contributions between $200,000 to $500,000 to be reviewed by an independent accounant, and non-profits with gross income exceeding $500,000 must file audited financial statements, which include:

1. Statement of Activities with very specific revenue and expense categories like donations, salaries, postage, rent.

2. Statement of Financial Position with specific categories like cash, accounts receivable, accounts payable.

3. Statement of Functional Expenses with all the expenses allocated to either program services, fundraising, or operations.

4. Notes to the Financial Statements that includes important disclosures.

5. Supplemental Information for optional items.

The IRS uses these very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status. So it's imperative that you build your accounting system around these revenue and expense classifications.

Here's what we can do for you...

• Review and compile your financial statements.

• Design, install, and maintain your Accounting System.

• Payroll preparation and maintenance.

• Payroll tax preparation and deposits.

• Provide training for your accounting personnel.

• Complete and file your non-profit status application.

• Provide training for your board on non-profit financial statement usage and effective budgeting practices.

• Prepare and file the 990 and 990T tax forms.

• Prepare your initial start-up documentation, including incorporation, federal employee identification number (FEIN), and payroll setup with federal and state agencies.

• Churches: We prepare the pastoral housing allowance and other required benefit documentation to meet the complex dual status of ministers.

If you're starting a new not-for-profit organization we can help you prepare your organization's 501 (c)(3) application for tax-exempt status.

Here's what's needed...

• Articles of Incorporation containing the Exempt Purpose Statement as described in IRS Code section 501(c)(3) and defined in Treasury Regulation 1.501(c)(3)-1 Paragraph d and the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b subparagraph 4 ("Organizational Test").

• Employer Identification Number

• By-laws of the Organization

• Minutes of Board Meetings

• Names, Addresses, and Resumes of Board Members

• Names and addresses of all Active Members

• Inventory of Assets like cash, furniture, equipment, property, pledges.

• Inventory of Liabilities like mortgages, accounts payable, loans.

• Rent/Lease Agreements and Contracts

• Revenue and Expense Statements for the last four years or as far back as possible if your organization has been in existence for less than four years.

• Written Reason for Formation and History of the organization.

• Organization Mission Statement or Statement of Faith or Beliefs for Churches and other Religious Organizations.

• Organization Activities, Operations and Programs Documentation including your statement of purpose & operations, food programs, fundraisers, flyers/brochures/pamphlets...

• Financial Support Documentation including all sources of revenue like contributions, tithes, offerings, fundraisers.

• Fund Raising Program Descriptions

• IRS Processing/Filing Fee

We are happy to prepare any of these items if you need help.